SeaLink Ferries sold in $161 million deal
Australia’s Kelsian Group has sold its ferry and cruise businesses, including SeaLink, Captain Cook Cruises and Murray Princess.
It sealed a deal for $161 million with new buyer Journey Beyond.
Kelsian says it will use the funds to pay down debt and will now focus on its commuter transport businesses including the Kangaroo Island ferry and the Brisbane CityCat.
It also operates in the UK, US and Singapore.
Journey Beyond operates the Ghan rail service, cruises, camps and lodges across Australia and New Zealand.
It recently acquired Ayers Rock Resort
“On completion of the transaction, Kelsian will emerge as a leading global transport business delivering contracted marine, bus and motorcoach operations,” said Kelsian Group CEO, Graeme Legh.
The deal is pending approval by the Australian Competition and Consumer Commission and Foreign Investment Review Board.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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